From a stage analysis viewpoint, we are in Stage 2 Accumulation (see stage analysis overview here) with the market continuing to go up.
One of the gauges I like to look at is the Dow vs NYSE Advance-Decline. (Barron's used to produce it but stopped so I make my own chart.) It's a bad sign for the market when the Dow is advancing more than the NYSE, which we see in March of 2020 when COVID hit. Likewise, it's a positive sign when the NYSE is above the Dow. That's where we are now. It's one of the biggest divergences I've seen in a while.
Stories of interest:
- 123 Year Old Mechanicville hydroelectric plant mining bitcoin
- Stock rotation - tech up top
- Stockcharts - Has the market jumped from cautious to bullish?
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